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Updated about 4 years ago,

User Stats

187
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74
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NIcholas Hamel
74
Votes |
187
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How much in taxes will I pay if I sell????

NIcholas Hamel
Posted

Hey everyone. I have a tax question for you. I bought a property in 2013 for 375k. I might have to sell now instead of my original plan to do a 1031 exchange. It was appraised for 405k. I owe about 305k still. Assuming it sells for 405k in new jersey how much in taxes am i paying approximately? Appreciate any help

Nick

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